Is Galeton, PA 16922 a buyer’s or seller’s market?
Galeton is a buyer’s market. With about 11.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Galeton housing market right now
In the three months ending August 31, 2026, 0% of homes in Galeton, PA 16922 sold above their list price, the typical home went under contract in 23 days and there were 11.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold faster (64 days then) and the median sale price fell 34% to $124,946. Overall, Galeton is more competitive than a year ago, so tougher for buyers.
Within Potter County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Shinglehouse 16748 (50% sold over asking) and Cross Fork 17729 (50% sold over asking) are even more competitive.
Run the numbers for 16922
Nearby markets
Austin 16720Seller’s market $199 /sq ftCoudersport 16915Balanced $130 /sq ftCross Fork 17729Seller’s market $346 /sq ftGenesee 16923 — /sq ft Browse all markets →Towns like Galeton nearby
Find towns like Galeton in other states →Where Galeton is
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Questions about Galeton real estate
Is Galeton a buyer’s or seller’s market?
A buyer’s market: there were 11.5 months of supply in Galeton, PA 16922 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Galeton?
The typical home went under contract in 23 days in the latest three months.
Do homes in Galeton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.8% of the list price.
What are property taxes in Galeton?
About 1.21% of a home’s value a year in Potter County, or roughly $4,840 on a $400,000 home.
What is the median home price in Galeton?
The median sale price was $124,946 in the three months ending August 31, 2026, about $109 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology